Supreme Court Approves State Sports Betting

[StackinGreen]

Offshore betting never will be killed. Regulated soft books will restrict winning players. Asian books for instance don't. So JJ has a point when he says serious bettors need offshore books anyway, no matter how the legal situation in your country/state is.
In UK, France, Spain betting is legalized but regulated books kick you out after a couple of k of winnings. Even regulated locals do. It's for recreational players only. Serious bettors need books like SBO, IBC, Pinnacle because of obvious reasons.

This is spot on. Most players aren't serious, which is why they'll bet into bad take, vig, juice or lines --- the gov't dream. But for anyone remotely serious about winning, not only will the prices be average to poor, the major problem few talk about (because even sportstalk radio in the US knows little and thinks betting $50 on a game is "a lot") is that the local or offshore, especially if cash or transfer of funds becomes easier, defeats the tracking and reporting problems in the USA, which are HUGE.

At least in the UK when you win, you win. The government doesn't try to take more and more AFTER you win, not giving you a write off when you lose, either.

[PAULYPOKER]

US Supreme Court legalizes sports gambling


US Supreme Court strikes down federal ban on sports gambling

The US Supreme Court on Monday paved the way for states to legalize gambling on baseball, basketball, American football and other sports -- a business worth tens of billions of dollars annually.



The nation's top court ruled 6-3 in favor of New Jersey, the eastern state that has lobbied for years for the right to allow sports betting.



The court declared unconstitutional a 1992 federal law which banned wagering on professional and university sports except in four states where the market was already in place -- Nevada, Delaware, Montana and Oregon.



Congress had enacted the legislation -- championed by then US senator Bill Bradley, a Democrat and former star basketball player for the New York Knicks -- on the grounds that gambling would threaten the integrity of sporting events.



In its opinion, the high court said the US Congress reserves the right to regulate sports gambling directly, "but if it elects not to do so, each state is free to act on its own."



The ruling, which eliminates Nevada's near-stranglehold on sports betting in the United States, is expected to lead to a rush by state legislatures to authorize sports wagering in a bid to reap tax revenue.


Former New Jersey governor Chris Christie, who had fought the law on behalf of the state's down-on-their-luck casinos in Atlantic City, welcomed the ruling.



"A great day for the rights of states and their people to make their own decisions," Christie said. "New Jersey citizens wanted sports gambling and the federal Gov't had no right to tell them no."



- Companies line up for action -
Two leading fantasy sports companies -- FanDuel and DraftKings -- immediately announced plans to branch out into sports wagering.
"In the same way we revolutionized fantasy sports, we will bring innovation to the sports betting space," FanDuel said in a statement.
DraftKings CEO Jason Robins said his company plans to "provide our customers with innovative online sports betting products.



"Today's Supreme Court ruling is welcome news to the millions of Americans who currently wager $150 billion illegally each year through off-shore, black market bookies," Robins said.



"States are now free to allow their residents to place mobile sports bets with licensed, trusted companies based in the US and that pay taxes here."



British bookmaker William Hill, which already takes bets in Nevada, said it also hoped to get in on the action.



"We've been working towards this day for a long time and take great satisfaction in the Supreme Court's decision," it said in a statement.



"We look forward to working to make legal and regulated sports betting a big winner for consumers, state governments and all interested parties across the country," William Hill said.



MLB wary
Major League Baseball (MLB), which along with other professional sports leagues had opposed changing the law, said the ruling would have "profound effects."



"Our most important priority is protecting the integrity of our games," MLB said in a statement.



"We will continue to support legislation that creates air-tight coordination and partnerships between the state, the casino operations and the governing bodies in sports toward that goal."



Baseball was rocked by its worst ever scandal in 1919 when eight Chicago White Sox players were accused of taking money from gamblers to lose the World Series.



The players involved in the infamous "Black Sox Scandal," including star outfielder Shoeless Joe Jackson, were permanently banned from baseball.



MLB's all-time hits leader Pete Rose remains banned from baseball for gambling on games while he was the manager of the Cincinnati Reds.



Real estate tycoon and now US President Donald Trump was among those who fought against the sports betting ban when he was seeking to save his hotels and casinos in Atlantic City from financial ruin.

US Supreme Court legalizes sports gambling

[jjgold]

Look it in Europe many many players have accounts at offshore establishments man I’m an expert in this field I don’t think you understand how long I’ve been here

Plus it is going to take me many years for this to be full-blown so it’s not gonna have a big impact the next five years

[StackinGreen]

States will offer hamburger bets...
they are only in it for the money.

leagues will also limit.

and taxes.

offshore will gain as the legality is accepted

I think a lot of people think offshores will be easier to bet at or will be de-regulated. Since this is not in the interest of local, state or Fed governments, wouldn't there be higher restrictions on offshores/more difficulty?

Bitcoin's real, practical application is precisely for this. The problem is still getting fiat back and being untraceable.

[LT Profits]

JJ. How f**king stupid can you possibly be? This will kill offshore gaming because there will be no need for it. I seriously doubt that you even have a clue as to what the options the State has are. Do you know? I think it is time to run you out of here. You attract too many idiots in here like yourself.

Unless the new legal books deal -105 lines for ATS sports and dime lines for Money Line sports, there will always be a need for offshore. And while I disagree with JJ that offshore will take off, I do think that the best offshores will flourish like never before while the lesser offshores go belly up.

[StackinGreen]

Unless the new legal books deal -105 lines for ATS sports and dime lines for Money Line sports, there will always be a need for offshore. And while I disagree with JJ that offshore will take off, I do think that the best offshores will flourish like never before while the lesser offshores go belly up.

LT, do you deal in BTC?

[LT Profits]

LT, do you deal in BTC?

Yes, easiest way to move money,

[StackinGreen]

And what do you have to say about my questions regarding volatility and/or getting back to fiat?

[JIBBBY]

lol

everyone in Vegas has offshore accounts

VEGAS CANNOT OFFER WHAT OFFSHORE HAS NEVER DID AND NEVER CAN

ROOKIE DAY..not one poster will ever give up their 5 dimes account, stop lying to yourself

True that JJ especially if you bet props in MMA with every event like I do.. For that matter I wouldn't dump any of my other books that offer MMA props as well.. Bovada and a bunch of others..

Good point!!!!

[PAULYPOKER]

FanDuel and DraftKings alone will kill offshore books.........

Hey Tony! Suck my mutha fukkin dick pal!

[jjgold]

FanDuel and DraftKings alone will kill offshore books.........

Hey Tony! Suck my mutha fukkin dick pal!

Pauly he is laughing at you and his 100 million dollar fortune

HE ALREADY WON 100X OVER

Greatest Sportsbook innovator of all times, Vegas could not afford him to run a book

[LT Profits]

And what do you have to say about my questions regarding volatility and/or getting back to fiat?

I always keep some balance in blockchain so volatility is not an issue. As soon as coins hit, transfer out. Volatility only becomes a factor when it takes days to transfer in or out, which is why keeping a balance makes things easier.

[PAULYPOKER]

You can bet your sweet ass FanDuel and DraftKings
were directly behind this big push,lining lawmaker's pockets
with yes money.......

[JIBBBY]

I always keep some balance in blockchain so volatility is not an issue. As soon as coins hit, transfer out. Volatility only becomes a factor when it takes days to transfer in or out, which is why keeping a balance makes things easier.

I agree, Bitcoin pricing always shoots up and down with regularity.. Buy low and sell high every week or so and you can make money just messing around with a BlockChain sizable balance... I've done that a few times this year and made money...

[PAULYPOKER]

Pauly he is laughing at you and his 100 million dollar fortune

HE ALREADY WON 100X OVER

Greatest Sportsbook innovator of all times, Vegas could not afford him to run a book

Nah,rich people hate to lose one fukkin penny.........

[jjgold]

Pauly pick some winners

small books will all be gone 3 years

[PAULYPOKER]

You can bet your sweet ass FanDuel and DraftKings
were directly behind this big push,lining lawmaker's pockets
with yes money.......

Come to think of it, these two fukkin corporations have the market
cornered,bagged and monopolized before it even starts!!

[cincinnatikid513]

i'm still curious how it will all work out something tells me it won't be the same as the vegas books, when florida got poker the owners of the card rooms are guaranteed to make money with the rake which they give some to the state, how will it work out with the legalized sports betting, will the lines be higher like -115 instead of -110 how are they going to guarantee money for the local states

[19th Hole]

AP InteractiveVerified account @AP_Interactive

A look at which states are likely to legalize sports betting following today’s Supreme Court ruling. http://apne.ws/5uXM4ZN







.

[thechaoz]

Unless the new legal books deal -105 lines for ATS sports and dime lines for Money Line sports, there will always be a need for offshore. And while I disagree with JJ that offshore will take off, I do think that the best offshores will flourish like never before while the lesser offshores go belly up.

I see no harm here. Scamming bum books can hit the door

[jimmycage]

this is amazing for Delaware all we could do is crappy odds parlays at local casinos. look forward to dropping $1000 on 1 team. this is excellent.

[PAULYPOKER]

William Hill is already in Vegas..........

All the good books who turned down
US action in the last 10 years, will be the only OFFSHORE
books to survive, for the fact they don't need US action to survive.........

[Gaze73]

About damn time. Funny how they allow you to play slot machines which is 100% luck based but sports betting is forbidden. Kind of like the pr0n / hooking double standard. Ah, Murica.

[PAULYPOKER]

About damn time. Funny how they allow you to play slot machines which is 100% luck based but sports betting is forbidden. Kind of like the pr0n / hooking double standard. Ah, Murica.

Good odds like poker and sports betting are frowned upon.......

The worst odds, like lotteries were 1st to be legalized
and
best odds, like sports wagering are last to be legalized......

[jjgold]

Bottom line will have good offshore options and good on shore options

[19th Hole]

AP InteractiveVerified account @AP_Interactive

A look at which states are likely to legalize sports betting following today’s Supreme Court ruling. http://apne.ws/5uXM4ZN







.

Doesn't look like much to be excited about for most of the country.

[Brewcity]

About damn time. Funny how they allow you to play slot machines which is 100% luck based but sports betting is forbidden. Kind of like the pr0n / hooking double standard. Ah, Murica.

I always thought it was hilarious that fantasy sports is "a game of skill" which is why it was legal but sports betting was considered gambling. I think it takes a hell of alot more luck to predict how 9 individual players will perform, as opposed to predicting if the patriots are gonna beat the browns. Lol

[mrpapageorgio]

Doesn't look like much to be excited about for most of the country.

I think some of those states in red will go faster than 5 years. Churchill Downs will likely lobby KY hard to let them have a sports book. Illinois already has a bill filed (just a matter if they will get it done before the summer recess).

[jjgold]

We all taking a step back
More regional impact Northeast

[ThaWoj]

I know Mississippi plans on getting it ready for football season in Biloxi. All the casinos here already have plans on where they're going to put the books.

Stupid Louisiana said they will not, hopefully down the road they will consider.

[jjgold]

[PAULYPOKER]

I know Mississippi plans on getting it ready for football season in Biloxi. All the casinos here already have plans on where they're going to put the books.

Stupid Louisiana said they will not, hopefully down the road they will consider.

Wait,the most corrupt state in the US say no?
Lol......You're kidding right?

[Crusherrr]

All I care about is promotions and low juice that offshore offers. Only thing I'd give a damn about is legal/regulated online poker in all states like NJ/NV/DE have.

[bjb7223]

holy fuk is this real life?

[bjb7223]

I know Mississippi plans on getting it ready for football season in Biloxi. All the casinos here already have plans on where they're going to put the books.

Stupid Louisiana said they will not, hopefully down the road they will consider.

When they see all the taxes being collected they'll change their mind.